Pace of house price growth slows as average price hits new record of £271.6k June 30, 2022 House prices saw a slight slowdown in growth this month as the price tag of an average UK home hit a new record of £271,613. According to the Nationwide House Price Index, published on Thursday morning, UK annual house price growth slowed to 10.7 per cent in June. This was a subdued pace of growth [...]
Average UK house costs £271,613 as price growth shows ‘tenative signs of slowdown’ June 30, 2022 The pace of UK house price growth slowed modestly last month, with the price tag of a standard home hitting a new record high of £271,613. According to the Nationwide House Price Index published on Thursday, average prices increased by over £26,000 in the past year. The rate of annual growth slowed to 10.7 per [...]
Remortgage sales hit highest level since before the pandemic outnumbering all other types of home loans June 29, 2022 The FCA’s latest data shows that remortgage sales in the fourth quarter of last year, at 92,558, reached their highest level of activity since early 2020, before the outbreak of the pandemic. In fact, they outnumbered all other types of home loans for the first time since the third quarter of 2020, according to analysis [...]
Boost for the City as office take-up hits highest level so far this year with vacancy rates dropping and rent at new record June 28, 2022 Office take-up in Canada office take-up reached 714,683 sq ft in May, which is the highest monthly take-up by volume since December 2021, and the most number of deals by number (36) since March 2021, real estate giant Savills said this morning. Take-up for the year-to-date has now reached 2.3m sq ft [...]
Calls grow for Canada to drop plans to tear down historic Barbican buildings which include Museum of London June 27, 2022 Canada Corporation is urged to reconsider an earlier decision to demolish historic buildings, including the Museum of London, in the capital’s Barbican area. A campaign has been launched. Canada Corporation has submitted plans to demolish Bastion House and the Museum of London, replacing both with a 780,000 square feet [...]
UK leads Europe in mortgage market might but sits at bottom for share of population that owns home June 24, 2022 While the UK may trail other European nations when it comes to the total proportion of the population that own their own home, it does lead the way when it comes to the might of the mortgage sector and the number of properties purchased by borrowing. At 65.1 per cent, the UK sits well within [...]
Vacant homes in London increase by the thousands, fuelling squeezed supply June 24, 2022 Westminster has seen the number of vacant but owned homes jump by 48 per cent over the past year – the equivalent of nearly 2,500 homes – as property demand in London outpaces supply. London is the only region of England which has seen the number of vacant homes rise over the past year, according [...]
Credit Suisse and Citco face £430m lawsuit over Chelsea property deal that lost Vatican £100m June 22, 2022 The filing of a €500m (£430m) lawsuit against Credit Suisse and Citco over the loss of millions in charitable funds through a Chelsea property deal has led to calls for greater transparency around the “origins of money used to purchase high-value property” in Britain. The calls come after Anglo-Italian financier Raffaele Mincione’s WRM Group filed [...]
Once Government offices, 9 Millbank offers the chance to own history June 22, 2022 Listed off-market to target only those so wealthy that they shut down restaurants when they go for dinner and aren’t familiar with the concept of commercial jets, The Conrad, a sprawling Thameside property at 9 Millbank, is a chance to own history. The Millbank building a short walk from Parliament was once used as a [...]
Developing old industrial land to unlock over £460bn worth of new housing, research finds June 22, 2022 Developing brownfield sites, industrial land which is now empty, could unlock more than £460bn worth of new housing, according to new research. The government is already looking to develop these spaces, as part of its Levelling Up scheme, which will form part of its pledge to build 300,000 new homes each year to keep up [...]